BMW to invest 1 billion euros in the construction of a plant in Hungary

The German manufacturer of luxury cars BMW announced its intention to invest about 1 billion euros in the construction of a new plant in the Hungarian city of Debrecen. At the plant, which will produce up to 150,000 cars a year, more than 1,000 jobs will be created. Chairman of the Board of Directors of BMW Harald Kruger said: “The decision to start the construction of a new plant is yet another confirmation of our desire for global growth. After substantial investment in China, Mexico and the United States, we are now strengthening our operations in Europe to meet the production balance sheet”. Sales of BMW in the European market in 2017 accounted for about 45% of global sales. In the first half of 2018, the concern increased sales in Europe by 1.2% in annual terms to more than 560 thousand cars.

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